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The IGF and ATAF have just released 10 innovative policy papers to take mining taxation into the 21st century! The ideas imagine a simpler, fairer, and more participatory system of financial benefit sharing. We want to know what you think of these ideas. How can we improve them?
Submit written feedback to Secretariat@IGFmining.org and Research@ATAFtax.org with the heading “The Future of Resource Taxation”. Register to join our webinar on December 8, 2022, 13:00-15:00 GMT.
Finally, a big thank you to all the governments and non-government partners that generously contributed their ideas. Together, we will ensure that mining delivers sustainable financial benefits for the future.

Would you like to learn about fiscal design in the African extractive sector and reflect on the main risks and problems posed by the taxation of this sector (aggressive tax optimisation, indirect transfers, VAT credits, etc.)? In partnership with the French Ministry of Europe and Foreign Affairs (MEAE), the IHEDD is opening a new session of its online training on fiscal design in the extractive sector in Africa.
This distance training will take place from April 24 to May 22, 2023. It will require approximately 15 hours of work on your part. In addition, you will benefit from a personalized follow-up from the various trainers. Apply before March 20, 2023. The price is 450 euros. A MEAE scholarship may be granted upon selection of applications. Only 40 places are available.

Would you like to learn about the taxation of the mining sector in Africa and learn how to model mineral resource rent sharing? In partnership with the French Ministry of Europe and Foreign Affairs (MEAE), the IHEDD is opening a new session of its online training on modeling and mining taxation in Africa.
This distance training will take place from February 20 to April 10, 2023. It will require approximately 35 hours of work on your part. In addition, you will benefit from a personalized follow-up from the various trainers. Apply before January 16, 2023. The price is 450 euros. A MEAE scholarship may be granted upon selection of applications. Only 40 places are available.

Updated tax data for 2020 are now available for Guinea, Mali and Senegal.
In Guinea, there have been no significant changes to taxation (Act No. 51 of 2019). Mali adopted a new Mining Act in 2019 (Ordinance No. 22 of 2019), accompanied in 2020 by its regulations (Decree No. 177 of 2020). Important changes concern the corporate income tax, the ad valorem royalty and the surface royalty. For a mine representative of an average grade (3g/t) and a fixed gold price of $1,400/oz, the average effective tax rate increases from 47.7% to 51.6%. In Senegal, the minimum collection amount of 500,000 CFA francs, provided for in terms of minimum tax, has been repealed (Act No. 17 of 2019), due to its "confiscatory effect on small and medium-sized enterprises in a deficit situation".

Mali adopted a new Mining Act in 2019 (Ordinance No. 22 of 2019), accompanied in 2020 by its regulations (Decree No. 177 of 2020) and its standard mining agreement (Decree No. 288 of 2020).
Several notable changes can be highlighted for large-scale mining permits. The first concerns the corporate income tax (CIT) rate, reduced to 25% instead of 30%, which is now limited to the first 3 years of production. This reduced rate already existed in the previous Mining Act but it extended over the first 15 years of production. Another important change concerns the ad valorem royalty, the rate of which is now to be set by the General Tax Code, which has not yet been done. It is likely that the old rate of 3% will therefore still apply for the time being. The annual surface royalty is increased from 100,000 to 250,000 CFA francs/km² for gold. These measures lead to an increase in the tax burden for gold mining companies. For a mine representative of an average grade (3g/t) and a gold price fixed at $1400/oz, the average effective tax rate (AETR) increases from 47.7% to 51.6%.
The new Mining Act also attempts to introduce a progressive royalty and an overproduction royalty, to overtax companies in the event of higher prices or higher production than forecast in the feasibility study.